Phoenix Area Low- and Mid-Rise Development Thread

[Jmodrak12]

Midtown Construction update:

ST. Joes Brain Tumor headquarter building has fence (with Graphics) up and they look like they have started demoing the existing.
https://www.ivybraintumorcenter.org/abou...o-be-built-on-st-josephs-phoenix-campus/

The old DNC building on central and Thomas was being demoed today! hopefully we see that tower come to life on that corner.

[Obadno]

The amount of construction in midtown has been great, I just wish we could get some cafe/cofee shop/ small bar activity around Indian Shcool-Clarendon and central. there's tons of empty retail there.

[cygnusloop99]

Does anyone know any info on the new residential building going up on the NWC of 2nd and Catalina Dr in the Park Central area? I looked though the past posts and couldn't find anything (apologies if its out there and I missed it). I work in the building next door and there has been demo crews out there for a month now. The closest info I have found was on the AZBEX projects article from 3-4-2022 (here) and a press release on the contractors website (here)which mentioned that its a development called Alloy Midtown(or Westmount) It calls for converting the existing office building into residential and adding a new building over the existing parking. I also googled it and couldn't find much of anything. Just curious, TYIA if you have any additional info.

[Obadno]

Originally Posted by cygnusloop99

Does anyone know any info on the new residential building going up on the NWC of 2nd and Catalina Dr in the Park Central area? I looked though the past posts and couldn't find anything (apologies if its out there and I missed it). I work in the building next door and there has been demo crews out there for a month now. The closest info I have found was on the AZBEX projects article from 3-4-2022 (here) and a press release on the contractors website (here)which mentioned that its a development called Alloy Midtown(or Westmount) It calls for converting the existing office building into residential and adding a new building over the existing parking. I also googled it and couldn't find much of anything. Just curious, TYIA if you have any additional info.

Somebody posted the packet a few months back, But its a general apartment block as weve seen for years

[CrestedSaguaro]

I posted it a while back. I don't have much on it, but you can view the documents I have here: https://drive.google.com/drive/folders/1NR2f5_O1RLn8-Xytzv9bPgyKoD6uEn2r?usp=sharing

[cygnusloop99]

Originally Posted by CrestedSaguaro

I posted it a while back. I don't have much on it, but you can view the documents I have here: https://drive.google.com/drive/folders/1NR2f5_O1RLn8-Xytzv9bPgyKoD6uEn2r?usp=sharing

This is what I was looking for. Thanks for reposting!

[CrestedSaguaro]

The Mercer/Fillmore sells for $145 million.

Philadelphia firm makes Phoenix debut with $145M downtown property buy

By Angela Gonzales – Senior Reporter, Phoenix Business Journal
Mar 10, 2022

Philadelphia-based Korman Communities and New York-based RXR are making their Phoenix debut with the joint venture purchase of a new apartment community recently built in downtown Phoenix.

The joint venture under the name RXR-Korman Mercer Owner LLCQ paid $145 million to High Street Residential, a division of Trammell Crow Co., for a 348-unit apartment community the Dallas-based firm built this year at 555 N. 5th Ave., according to Tempe-based Vizzda LLC data research firm.

Built on a 2.79-acre parcel at the southeast corner of Fifth Avenue and Fillmore Street, that 7-story apartment complex deal closed on Jan. 6 for $416,666.67 per unit, according to Vizzda.

Full article (hit ESC as page loads to read):https://www.bizjournals.com/phoenix/news/2022/03/10/philadelphia-firm-makes-phoenix-debut.html

[downtownphxguy12]

Originally Posted by CrestedSaguaro

The Mercer/Fillmore sells for $145 million.



Full article (hit ESC as page loads to read):https://www.bizjournals.com/phoenix/news/2022/03/10/philadelphia-firm-makes-phoenix-debut.html

sold before any tenants (or maybe a handful). isn't that unusual? don't they wait for it to be 90+ percent leased?

[ASU Diablo]

With the sale, I hope this means that they're ready to move forward w/ Phase 2

[Obadno]

Originally Posted by ASU Diablo

With the sale, I hope this means that they're ready to move forward w/ Phase 2

the transformation of that whole northwestern portion of Downtown between Roosevelt and Van Buren is simply mind boggling.

[ASU Diablo]

Originally Posted by CrestedSaguaro

Demo permits have been issued for Deck Park Vista. I didn't know this development was this far along.

Demo is underway at 3rd St and Moreland. Some new renderings maybe? Don't remember seeing these...

https://kjzz.org/content/1762907/qaz-whats-replacing-deck-park-vista-apartments-downtown-phoenix

Demolition is underway at a downtown Phoenix apartment complex that once housed low-income seniors. That led one listener to ask through KJZZ's Q&AZ project: What's the status of the Deck Park Vista apartments?

[CrestedSaguaro]

Originally Posted by ASU Diablo

Demo is underway at 3rd St and Moreland. Some new renderings maybe? Don't remember seeing these...

https://kjzz.org/content/1762907/qaz-whats-replacing-deck-park-vista-apartments-downtown-phoenix

I went by the other day and the entire building is almost completely flattened already. They went quick on this one!

[CrestedSaguaro]

Construction on phase 2 of Edison appears to be moving forward and should start late this year. I'm glad to see that the parking garage will finally have something on top of it, but I feel bad for the existing tenants that will have to deal with the noise for the next 2 years.

Hard to believe this was a phased project.

[azliam]

Originally Posted by CrestedSaguaro

Construction on phase 2 of Edison appears to be moving forward and should start late this year. I'm glad to see that the parking garage will finally have something on top of it, but I feel bad for the existing tenants that will have to deal with the noise for the next 2 years.

Hard to believe this was a phased project.

For Edison Phase 2:

https://oeaaa.faa.gov/oeaaa/external/sea...=displayOECase&oeCaseID=519320896&row=13

[CrestedSaguaro]

Originally Posted by azliam

For Edison Phase 2:

https://oeaaa.faa.gov/oeaaa/external/sea...=displayOECase&oeCaseID=519320896&row=13

190'?? That can't be right. That would be around 17 stories.


Edit: Must be a typo and probably 90'. Checked permits and it's 60 units (12 units per floor x 5 floors). I was a little excited there and hoped they decided to do it right and build a tower. Guess not

But their website is advertising phase 2 now. So at least they will finally be finishing up Edison.

[SunDevil]

I think Edison is doing it to attract med students from the Creighton med school across the street. They also took a big hit during the 2008 housing/condo crisis. I remember them doing publicity stunts like repelling down the side of the building in order to drum up interest. I work right across from it at the VA Regional Office.

[CrestedSaguaro]

Originally Posted by SunDevil

I think Edison is doing it to attract med students from the Creighton med school across the street. They also took a big hit during the 2008 housing/condo crisis. I remember them doing publicity stunts like repelling down the side of the building in order to drum up interest. I work right across from it at the VA Regional Office.

I think you may be mixing this up with another development. Edison was just built about 4 years ago and is only a 7 floor building.

[thespiandave]

See the captions for locations

https://imgur.com/gallery/Dtq8XLz

[Phxguy]

Preliminary site plan review for a project called 'Capital Lofts' on the SEC of 10th Ave and Washington happening tomorrow. Anyone have an idea what the renderings look like?

https://www.phoenix.gov/cityclerksite/PublicMeetings/220426006.pdf

[SunDevil]

Originally Posted by CrestedSaguaro

I think you may be mixing this up with another development. Edison was just built about 4 years ago and is only a 7 floor building.

Haha, yes. I probably had too much wine when I wrote that. Mixed up One Lexington and Edison.